Coca-Cola Amatil (CCL)

Morningstar has upgraded
Coca-Cola Amatil
to “hold" from “reduce" on the back of revenue growth following the addition of new products, including alcoholic beverages, to its product offering. The broker said operations in Indonesia added another growth stream. Consistent strong margins are also expected to help cash flow comfortably exceed capital requirements. The broker expects a gradual increase in the price of dividends issued. Earnings per share are expected to increase to 81¢ in 2013, and 84¢ in 2014. The company returned 73¢ per share in 2012.